Producers Nithin and Sudhakar Reddy's "Akhil: The Power of Jua" has made poor collection at the worldwide box office in the 9-day-extended 1st week.

Nov 19, 2015 15:07 IST

VV Vinayak's "Akhil: The Power of Jua", which opened to superb response, has hit the rock bottom at the box office on weekdays. Its poor collection has landed Nithin, Sudhakar Reddy in problem.

"Akhil: The Power of Jua" was released in 1,000+ screens across the globe on 11 November and it debuted with an overwhelming response. The movie did record breaking collection at the worldwide box office on the first day, but it witnessed a steep decline in the following days. The film fetched Rs 16.34 crore to its distributors in its five-day extended first weekend.

Akhil Akkineni and Sayesha Sehgal's debut movie has shown further drop in its business on the weekdays. Andhra Box Office tweeted, "#Akhil Crashes to new lows on Weekdays. Buyers faith on VV Vinayak turned out to be Very costly with a Huge Disaster. #AkhilThePowerOfJua."

"Akhil: The Power of Jua" has been made with a whopping budget of Rs 45 crore and it has fetched approximately Rs 40 crore from the sale of its theatrical rights. The movie is likely to collect a share of Rs 20 crore at the worldwide box office in the nine-day extended first week.

In its second week, "Akhil: The Power of Jua" will be forced to withdraw from a large number of cinema halls to facilitate new releases like "Kumari 21F", "Cheekati Rajyam" and "Spectre". These new release are likely to halt its collection. The Akhil Akkineni starrer will incur a loss of Rs 20 crore to its distributors, who are worried over the huge loss, reports The Times of India.

As per the new rules of AP Film Chamber, the producer has to bear the losses incurred by the distributors, when huge money is at stake. The distributors are said to have begun putting pressure on producers Nithin and Sudhakar Reddy to compensate their losses. If the producers fail to pay them, their next releases will face trouble. So they are now trying to find a solution to the problem.